Gardner Business Index October Reading of 53.9 Signals Business Activity Expansion Strengthening

Saturday, November 7, 2020

October 2020 Gardner Business Index

The Gardner Business Index (GBI) reported an accelerating expansion in business activity for October 2020 with a 53.9 reading.

The Gardner Business Index (GBI) reported an accelerating expansion in business activity for October 2020 with a 53.9 reading. Removing the inflationary effect of sluggish supplier deliveries, the Index delivered a reading of 52.4 and above the comparable September reading of 50.1. October’s advancement was made possible by a 4-point increase in production and a 3-point increase in new orders. Employment activity registered accelerating expansion setting a 2-year high reading. As we approach the end of the year, supplier delivery readings are rising after reporting an improvement in delivery speeds. Backlogs and export orders activity continue to report slowing contractionary readings with backlogs near a reading of 50 or ‘no-change’. Read more